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Day: June 30, 2020

CloudCheckr Selects Xacta to Automate FedRAMP Documentation

ASHBURN, Va., June 30, 2020 (GLOBE NEWSWIRE) — Telos ®Corporation, a leading provider of cyber, cloud and enterprise security solutions for the world’s most security-conscious organizations, today announced that CloudCheckr, the total visibility SaaS platform that makes managing public cloud infrastructure easy, has deployed Xacta to support their Federal Risk and Authorization Management Program (FedRAMP) assessment process. The cyber risk management solution will automate continuous monitoring required to maintain FedRAMP authorization.  “FedRAMP assesses cloud services and products against a baseline of controls to ensure security for federal cloud computing environments,” said John B. Wood, CEO and chairman, Telos.  “We are eager to provide CloudCheckr with an easier way to achieve FedRAMP compliance, in a way that puts less...

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Forterra Announces Offering of $400 Million of Senior Secured Notes

IRVING, Texas, June 30, 2020 (GLOBE NEWSWIRE) — Forterra, Inc. (“Forterra” or the “Company”) (NASDAQ: FRTA) today announced that Forterra Finance, LLC and FRTA Finance Corp., each a wholly owned subsidiary of the Company, intend, subject to market and other conditions, to offer $400 million aggregate principal amount of senior secured notes due 2025 (the “Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. Obligations under the Notes will be guaranteed by the Company and the Company’s existing and future subsidiaries (other than the issuers) that guarantee the Company’s senior secured term loan facility...

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Forterra Announces Preliminary Second Quarter 2020 Net Sales and Adjusted EBITDA¹

IRVING, Texas, June 30, 2020 (GLOBE NEWSWIRE) — Forterra, Inc. (“Forterra” or the “Company”) (NASDAQ: FRTA), a leading manufacturer of water and drainage infrastructure pipe and products in the United States and Eastern Canada, today announced preliminary second quarter 2020 results and provided a general business update.Preliminary Second Quarter 2020 HighlightsNet sales in the range of $410 million – $430 millionAdjusted EBITDA1 increase year-over-year of 23% – 31% to a range of $77 million – $82 millionAdjusted EBITDA Margin1 improvement by approximately 270 – 480 basis points year-over-yearAmended revolving credit facility to increase borrowing capacity and extend the maturity to 2025Repaid all precautionary first quarter revolver borrowings of $180 millionForterra CEO Karl Watson, Jr. commented, “Our expected...

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Proofpoint Introduces New Cloud-based ObserveIT Insider Threat Management Platform with Broader People-Centric Visibility and Insider Threat Detection

SUNNYVALE, Calif., June 30, 2020 (GLOBE NEWSWIRE) — Proofpoint, Inc., (NASDAQ: PFPT), a leading cybersecurity and compliance company, today announced a new, cloud-based ObserveIT Insider Threat Management (ITM) platform to provide insider risk detection, accelerated incident response, and broader unified visibility across user activity, data interaction, and threat context. Generally available today, the innovations featured in this new ITM cloud-based platform introduce a new people-centric user risk analysis paradigm that reduces risk, delivers greater ROI, and offers a truly scalable approach for modern cybersecurity teams.“More than 30 percent of all data breaches are related to insiders – whether they be acting negligently, maliciously, or compromised by an outside actor,” said Mike McKee, executive vice president and general...

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RigNet Announces Major Cybersecurity Enhancements

HOUSTON, June 30, 2020 (GLOBE NEWSWIRE) — RigNet (NASDAQ: RNET, the “Company”), the leading provider of ultra-secure, intelligent networking solutions, announced today that Cyphre has enhanced its technology portfolio to quintuple speeds and improve support for harsh environment edge applications. Among other applications, the Cyphre platform delivers military-grade cybersecurity to protect against cache-memory side channel attacks caused by widespread vulnerabilities in computer firmware and the use of operating system memory. Nearly 1,000 examples of different cache attacks are cited within the Common Vulnerabilities and Exposures (CVE®) database that tracks publicly known cybersecurity vulnerabilities including Heartbleed, Spectre, and Meltdown.The new capabilities are based on Cyphre’s recently awarded US Patent (No. 10,623,382)...

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Michael Fitzgerald Joins Cowen’s Prime Services Sales Team

NEW YORK, June 30, 2020 (GLOBE NEWSWIRE) — Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that Michael Fitzgerald has joined Cowen Prime Services LLC as a Managing Director, reporting to Jack Seibald and Michael Rosen, Managing Directors and Co-Heads of Prime Brokerage and Outsourced Trading. Mr. Fitzgerald, a seasoned prime brokerage professional, will be based in New York and will focus on business development.“We are proud to welcome Michael to our team at Cowen,” said Jack Seibald, Managing Director. “As we continue to expand our global Prime Brokerage platform, our highest priority is to seek out talented individuals with a shared vision of, and commitment to, client service that will complement our existing team. We look forward to working with Mike and leveraging his experience and the breadth of his...

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Nightfood Secures Distribution in Central Market With Stores in the Five Largest Cities in Texas: Houston, Dallas, Fort Worth, Austin, and San Antonio

Tarrytown, NY, June 30, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Nightfood, Inc. (OTCQB: NGTF), the better-for-you snack company targeting the $50 billion consumers spend on nighttime snacks, is excited to announce that Nightfood has secured distribution in upscale chain Central Market, with locations in the five largest cities in Texas.A gourmet grocery chain owned by San Antonio-based H-E-B, Central Market’s open, serpentine-flow, full view European-style layout offers a completely new food shopping experience.“Rolling into Texas with Central Market is a fantastic development for us,” remarked Sean Folkson, Nightfood’s CEO.  “This is a top-tier upscale chain that brings us to not only each of the five largest cities in Texas, but also adds five of the fifteen most populous cities in the country, according to census data.”The...

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Gary C. Kern Joins The Middlefield Banking Company as Chief Information Officer

MIDDLEFIELD, Ohio, June 30, 2020 (GLOBE NEWSWIRE) — The Middlefield Banking Company (NASDAQ: MBCN) today announced that Gary C. Kern has joined the Company as Chief Information Officer. In this position, Mr. Kern will lead the Company’s IT strategy development and implementation to support Middlefield’s corporate goals and compliance requirements.President and CEO Thomas G. Caldwell stated, “Gary is a proven IT executive and recognized leader and influencer. Executing our IT strategy is critically important to our organization as more customers engage with the Bank through digital, mobile, and online resources. I look forward to his contributions as we execute our growth initiatives.”Prior to joining Middlefield, Mr. Kern spent 15 years at MutualBank in Muncie, IN most recently as Chief Information Officer, and Vice President of...

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